July 2012

July 19, 2012
Spain’s five-year borrowing costs hit new euro-era highs at an auction.
The 6.459 percent yield on Spain’s July 2017 bond was almost 40 basis points higher from the previous sale just a month ago, at levels not paid by the Treasury in 16 years.
http://www.reuters.com/article/2012/07/19/us-spain-debt-idUSBRE86H1LJ20120719
July 4th, 2012
On July 4th physicists working in Geneva at CERN, the world’s biggest particle-physics laboratory, announced that they had found the Higgs boson (see article). Broadly, particle physics is to the universe what DNA is to life: the hidden principle underlying so much else. Like the uncovering of DNA’s structure by Francis Crick and James Watson in 1953, the discovery of the Higgs makes sense of what would otherwise be incomprehensible. Its significance is massive. Literally. Without the Higgs there would be no mass. And without mass, there would be no stars, no planets and no atoms. And certainly no human beings. Indeed, there would be no history. Massless particles are doomed by Einstein’s theory of relativity to travel at the speed of light. That means, for them, that the past, the present and the future are the same thing.
http://www.economist.com/node/21558248
http://www.economist.com/node/21558254
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s